The CMFAS M5 examination comprises of 100 questions, time given is 2 hours and the passing mark is 75%.
$19.90
6 Oct 2022
CMFAS M5 Exam Question:
Which of the following statements regarding Financial Advisers is NOT true?
a) A financial adviser who provides financial advisory service in respect of securities has to maintain a register of its interest in securities.
b) A financial adviser can withdraw monies related to a contract of insurance
from a bank account maintained by it.
c) A financial adviser can disclose to its clients any information on past performance in relation to a Collective Investment Scheme based on the simulated results of a hypothetical Collective Investment Scheme.
d) A financial adviser can make comparisons of the past performance of a Collective Investment Scheme with that of another Collective Investment Scheme to a client.
The CMFAS M5 examination comprises of 100 questions, time given is 2 hours and the passing mark is 75%.
6 Oct 2022
CMFAS M5 Exam Question:
A financial adviser must disclose all of the following except:
a) any lien imposed on a life policy.
b) the bid and offer prices of a collective investment scheme with a single pricing scheme.
c) the risk factors that may result in the benefits payable to be less than that illustrated in the benefit illustration.
d) whether the units of a collective investment scheme will be priced on a historical or forward basis.